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#SpotGoldHitsaNewHigh
Gold prices have reached a new high! 🚀 The spot gold price has surpassed $4,800 and is currently at $4,824.33. This increase is driven by safe haven demand and geopolitical tensions.
Factors Affecting Gold:
Geopolitical Tensions; trade disputes between the US and Europe and the Greenland crisis are supporting gold.
Central Bank Purchases; increased gold purchases by central banks are boosting demand.
Dollar Weakening: The weakening dollar makes gold cheaper and increases demand.
What Do Experts Say?
- Deutsche Bank predicts that gold prices could reach $5,000 by 2026.
- Goldman Sachs says gold prices could reach $4,900 and may go even higher.
It is recommended to consult experts for more information about the future of gold prices.
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